The market demand curve for mangos is
A) the same as the demand curve of one buyer in a market with many buyers.
B) upward sloping because rich people can afford more mangos than poor people can buy.
C) the horizontal sum of the individual demand curves of all the buyers.
D) the vertical sum of the individual demand curves of all the buyers.
E) the horizontal average of the individual demand curves of all the buyers.

Question

Quizplus · Accepted Answer

The market demand curve for mangos is the horizontal sum of the individual demand curves of all the buyers. This is because the market demand curve represents the total amount of mangos that all buyers are willing and able to buy at different prices. The individual demand curves represent the quantity of mangos that each buyer is willing and able to buy at different prices. Therefore, to obtain the market demand curve, we need to add up the quantity demanded by all buyers at each price level.

The Market Demand Curve for Mangos Is